Question
A business has a profit of $1,200 with a margin of safety of 300 units and selling price of $10. Coincidentally, the margin of safety
A business has a profit of $1,200 with a margin of safety of 300 units and selling price of $10. Coincidentally, the margin of safety equals the break-even quantity.
1. What is the contribution margin ratio?
2. What is the Fixed cost?
| A business has a profit of $1,200 with a margin of safety of 300 units and selling price of $10. Coincidentally, the margin of safety equals the break-even quantity. 1. What is the contribution margin ratio? 2. What is the Fixed cost? |
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Statistics Unlocking The Power Of Data
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
1st Edition
0470601876, 978-0470601877
